U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc... Read more »

Florida business lender accused of accounting fraud settles with SEC

BOSTON (Reuters) – Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that... Read more »

Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter

BOSTON (Reuters) – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its... Read more »

Venture firm Benchmark raises new fund without early Uber investor: source

FILE PHOTO: Bill Gurley, General Partner at Benchmark, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – The... Read more »

Prophet Capital to dissolve hedge fund amid ‘extreme volatility’

BOSTON (Reuters) – Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of... Read more »

U.S. cruise line company Lindblad names directors backed by ValueAct to its board

BOSTON (Reuters) – Lindblad Expeditions on Thursday said it named two independent directors backed by activist investment firm ValueAct Capital, which owns a nearly 10% stake in the adventure... Read more »

U.S. activist investors Land & Buildings, Engaged raise new capital: sources

BOSTON (Reuters) – Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies beaten... Read more »

Ackman’s Pershing Square gains nearly 3% in early 2020, warns of volatility

FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan... Read more »

Sovereign wealth fund appetite for investing in start-ups wanes

LONDON (Reuters) – Sovereign wealth fund investment in venture capital deals slipped to its lowest level in six years in 2019, with the drop-off deepening in the months after... Read more »

Private investment funds in Colombia have $5 billion ready to invest

BOGOTA (Reuters) – Private investment funds operating in Colombia have around $5 billion available to invest in projects in the Andean country, the investors’ guild president said Thursday. Private... Read more »